Representative Engagements

A money services business (MSB) and small-dollar lender engaged CrossCheck to perform an audit of its compliance management system (CMS) and consumer lending practices, including loan origination, payment processing and servicing, returned item processing, and credit bureau reporting. The review assessed the effectiveness, accuracy, and timeliness of the client’s compliance controls and processes. CrossCheck provided recommendations for policy and control improvements, as well as best-practice solutions to mitigate audit findings and their associated risks. The MSB received a report outlining regulatory findings and improvements to their process to help deter future regulatory issues and improve operational efficiencies.